yep, but a) they will respond in some way I'm sure and b) the increasing awareness of the limitations of a purely advisory vote on remuneration is likely to lead to pressure for it to be mandatory in some way.
Ex-TUC official now working for a consultancy that deals with corporate governance and shareholder engagement. I'm interested in getting the labour movement and the Left to understand the capital markets properly. There's plenty that needs fixing, but we need to get beyond simplistic anti-City and anti-business rhetoric to do it.
2 comments:
Good news...
But bad news:
"But the vote is unlikely to mean that directors will have to repay any money." [http://news.bbc.co.uk/1/hi/business/8058103.stm]
yep, but a) they will respond in some way I'm sure and b) the increasing awareness of the limitations of a purely advisory vote on remuneration is likely to lead to pressure for it to be mandatory in some way.
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